The big gets bigger, the expensive more expensive

11 Jul 2020 - The Business Times
THE world today is getting more unequal in every sense of the word. This year, because of Covid-19, the gap between the haves and the have-nots, between the big and small, has widened even more. Let's look at the stock market performance in the US so far this year. As Ben Carlson wrote in... To continue ...

SATS posts $6.3m loss in Q4

10 Jul 2020 - Singapore Business Review
Despite the sharp dive, the company's full year dividend will remain unchanged at 6 cents. Catering and ground handling company SATS has recorded its group revenue at $38.4m for the three months ending on March 31, diving 8.1% compared to the same period last year. In an unaudited result for the fourth ...

Daily Briefing: Minister Wong urges employers to continue WFH arrangements; Cybersecurity startup Aiculus raised $932k in seed funding

10 Jul 2020 - Singapore Business Review
And Singapore enters survival mode and looks to reinvent itself in the post-pandemic period. From Human Resources Online: Minister for National Development Lawrence Wong urged businesses, companies, and employers to all step up their safe management practices at work in order to further reduce the risk ...
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Chart of the Day: Bulk of homes sold at $2m in May

10 Jul 2020 - Singapore Business Review
Sale of units priced $2m-$3m dropped to 4%. This chart from Propnex research shows that a larger proportion of homes were sold in the price quantum brackets of under $2m. The trend was the most pronounced in May where 95% of new homes sold were valued at $2m and under. This is compared to 89% in April, ...

Singapore shares close 0.6% down

9 Jul 2020 - The Business Times
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2,652.65 on a quiet trading day ahead of Friday’s polling in the city state and the release of key US jobless data. Much of the region, however, posted gains in the key gauges in Japan, ...
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Utico raises Hyflux's equity valuation offer to $485m

9 Jul 2020 - Singapore Business Review
The RA was also extended to end July. Hyflux’s white knight investor Utico has announced that they raised the embattled water firm’s equity valuation offer to a minimum of $485m, a press release revealed. The UAE-based firm stated that this includes cash and stock deals, details of which have been sent ...
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Singapore stocks post modest gains after Wall Street rally; STI up 0.2% at open

9 Jul 2020 - The Business Times
SINGAPORE shares continued to edge up on Thursday, after eking out modest gains the previous day and tracking a Wall Street rally overnight. The benchmark Straits Times Index (STI) gained 5.90 points or 0.2 per cent to 2,675.39 as at 9.01am. Gainers outnumbered losers 104 to 33, after some 65.9 million ...
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HDB resale volume surged 573.6% in June

9 Jul 2020 - Singapore Business Review
This marks as the highest monthly sales inked since July 2018. HDB resale transactions skyrocketed 573.6% MoM and 26.7% YoY to 2,452 deals in June, according to an SRX report. About 40.3% of the volume comes from four-room, 26.3% from three-room, 24.1% from five-room, 7.4% from executive and the rest ...

Keppel unit extends KrisEnergy's restructuring deadline to 30 September

9 Jul 2020 - Singapore Business Review
The latter failed to complete the restructuring process by 15 July. Kepinvest Singapore, a wholly-owned subsidiary of Keppel Corporation Limited (KCL), made a deal with KrisEnergy to extend the latter’s restructuring completion deadline from 15 July to 30 September, an SGX filing revealed. This comes ...
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Olam unit secures samurai loan facility of $324.08m

9 Jul 2020 - Singapore Business Review
Olam Treasury aims to refinance existing loans and general corporate purposes. Olam Treasury, a wholly owned subsidiary of agribusiness Olam International, has secured a medium-term samurai loan facility of $324.08m (JPY25b), according to an announcement. Olam’s managing director and group CFO N Muthukumar ...
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